Vanguard Group Inc. Reduces Stock Position in Armada Hoffler Properties, Inc. $AHRT

Vanguard Group Inc. lessened its holdings in Armada Hoffler Properties, Inc. (NYSE:AHRT) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,095,554 shares of the real estate investment trust’s stock after selling 183,107 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Armada Hoffler Properties worth $63,760,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Berman McAleer LLC bought a new stake in shares of Armada Hoffler Properties during the third quarter worth $7,317,000. Penserra Capital Management LLC grew its holdings in shares of Armada Hoffler Properties by 45.9% in the second quarter. Penserra Capital Management LLC now owns 147,369 shares of the real estate investment trust’s stock worth $1,012,000 after purchasing an additional 46,370 shares during the last quarter. Brown Advisory Inc. grew its holdings in shares of Armada Hoffler Properties by 3,588.7% in the second quarter. Brown Advisory Inc. now owns 1,115,054 shares of the real estate investment trust’s stock worth $7,660,000 after purchasing an additional 1,084,825 shares during the last quarter. Crossingbridge Advisors LLC increased its stake in Armada Hoffler Properties by 800.0% in the 2nd quarter. Crossingbridge Advisors LLC now owns 45,000 shares of the real estate investment trust’s stock worth $315,000 after buying an additional 40,000 shares during the period. Finally, Inceptionr LLC purchased a new position in Armada Hoffler Properties in the 2nd quarter worth about $331,000. Hedge funds and other institutional investors own 66.35% of the company’s stock.

Analyst Upgrades and Downgrades

AHRT has been the subject of several research reports. Wall Street Zen cut shares of Armada Hoffler Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Zacks Research lowered shares of Armada Hoffler Properties from a “hold” rating to a “strong sell” rating in a research report on Monday, March 2nd. UBS Group set a $7.50 price target on shares of Armada Hoffler Properties in a research note on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Armada Hoffler Properties in a report on Monday, December 29th. Finally, Stifel Nicolaus dropped their price objective on Armada Hoffler Properties from $10.50 to $9.00 and set a “buy” rating on the stock in a research note on Tuesday, February 17th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.80.

Armada Hoffler Properties Stock Down 2.7%

NYSE:AHRT opened at $6.24 on Friday. The company has a debt-to-equity ratio of 2.46, a current ratio of 6.15 and a quick ratio of 6.15. Armada Hoffler Properties, Inc. has a 1-year low of $5.84 and a 1-year high of $9.22. The company has a 50-day moving average of $6.70 and a 200 day moving average of $6.76. The firm has a market cap of $646.96 million, a PE ratio of -78.00 and a beta of 1.03.

Insider Activity at Armada Hoffler Properties

In other Armada Hoffler Properties news, Director Frederick Blair Wimbush purchased 10,000 shares of the stock in a transaction dated Tuesday, March 3rd. The stock was purchased at an average price of $6.19 per share, with a total value of $61,900.00. Following the transaction, the director owned 38,685 shares of the company’s stock, valued at approximately $239,460.15. This trade represents a 34.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 11.90% of the company’s stock.

Armada Hoffler Properties Company Profile

Armada Hoffler Properties, Inc is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of retail, office and mixed-use properties. The company’s portfolio primarily comprises neighborhood and community shopping centers, urban infill retail sites and select office buildings located in high-growth markets. Armada Hoffler also provides in-house property management and leasing services, leveraging its vertically integrated platform to enhance asset value and tenant satisfaction.

Founded on a legacy of commercial real estate development dating back to the 1970s, Armada Hoffler went public in 2016 through a strategic combination of private real estate entities.